Market update – April 2020

It is fair to say that 2020 so far has been a turbulent year for investments. The initial outbreak of the Covid-19 coronavirus in China was shrugged off, with the assumption that cases would be contained in Asia. However, as the spread of the virus continued into Europe and America Read the full article…

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UK Interest Rate at new low

In response to the deteriorating economic outlook caused by the Covid-19 pandemic, the Bank of England has cut the UK interest rate to a new all-time low of 0.1%. This has resulted in banks and building societies reducing their savings rates even further, but it is still worth shopping around Read the full article…

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State pension

One recent piece of good news is that the flat-rate state pension has increased to £175.20 per week (up from £168.60 per week) for the 2020/21 tax year. This equates to £9,141.69 per year or £761.81 per month. The reason for the sizeable increase (3.9%) is due to the “triple Read the full article…

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Market Update

A quick update on what has been happening with investments, and when and how the outlook should improve. The second week in March was unfortunately another pretty awful period for global stock markets, with shares being sold off sharply in response to escalating economic problems posed by Coronavirus, the oil Read the full article…

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Spring Budget 2020

The new Chancellor, Rishi Sunak, was faced with a number of challenges in the current UK Government’s first budget. The focus was on the short-term measures needed to deal with the challenges the UK faces as a result of the coronavirus pandemic. These amounted to a £12bn fiscal stimulus, with Read the full article…

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